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Toronto’s Skyrocketing Price to Income Ratio Leaves Homebuyers Struggling to Afford a Slice of the Canadian Dream

When it comes to housing prices, Toronto is known for being one of the most expensive cities in Canada. The price-to-income ratio is an important indicator that measures the affordability of housing in a particular area. It is calculated by dividing the median housing price by the median household income. Toronto’s price-to-income ratio has been…

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